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The lawsuit, filed by James Kacouris in federal court in New York, targets Facebook, CEO Mark Zuckerberg and Chief Financial Officer David Wehner. They are accused of making misleading statements, or avoid informing about declining revenues, declining operating margins and the reduction of active users.
Kacouris describes the market as "shocked" when the company started dating the "truth" on Wednesday. The following day, Facebook's share fell by 19%
It's not uncommon that US shareholders are following the rise in the stock markets, especially since they are dragging on. Large losses of wealth. Thursday's race also affects Zuckerberg's own fortunes. According to Forbes magazine, the president rose from fourth to sixth place among the richest people in the world
Facebook declined to comment
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